In the divorce process, but haven’t filed your 2018 tax return? Your soon-to-be ex-spouse says the “best” way to file is Joint; but best for who? Are you being pressured to file jointly but negotiations are not being conducted in good faith? When you file and how you file can [...]
Tactical financial divorce advice is particularly critical when it comes to splitting the retirement plans. This article shows how one or both spouses can avoid the 10% early withdrawal penalty. Divorce Settlement Many spouses caught in the trauma of the divorce settlement process face the same problem. They have a need for cash but most [...]
You can dramatically improve your chances of starting your new life on sound financial footing if you look beyond the divorce settlement and analyze the impact that your decisions will have on your finances in the short and long-term future. For example, the decision of who will own and occupy the family home certainly has [...]
Researchers for a University of Utah Report on Divorce cite the following statistics: About one in three women who own a home and have children at home when they divorce lose their homes. Three of four divorced mothers do not receive full payment of child support About one in five women fall into poverty as [...]
Men and women alike can get caught up in the emotional issues of divorce and each have their own financial issues in the process.The addition of a Certified Divorce Financial Analyst™ to the divorce team can help either or both understand their issues and move forward toward an equitable property divorce settlement. Depending upon [...]
Before I start, I would like to tip my hat to my New York colleague, Jeff Landers. Jeff recently published a super divorce blog in Forbes Magazine, The Six Personal Traits That Help Women Successfully Survive Divorce. That blog inspired me to review my divorce financial planning cases for strategies that resulted in positive [...]
A Divorce in Maryland can be very expensive. It can leave either spouse at risk for financial disaster, including bankruptcy. Advance divorce financial planning will greatly improve one's chances of an equitable settlement. These practical measures can take to minimize your costs or, at least, keep them under control: Do not get stuck on [...]
Faggio Financial is pleased to announce that its Second Saturday class "What Women Need to Know About Divorce," will resume in the Fall. The classes will be held at the Howard Community College and can be found in its non-accredited course catalog. John Faggio, divorce financial analyst, is joined in this 4-hour program by [...]
